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Chinese Firm to Invest Over N1trn in Niger State Agricultural Sector
Chinese Firm Investment In Niger: Niger State agricultural revolution under Governor Mohammed Umaru Bago has received a big boost following the decision of a Chinese firm to invest over N1.094 trillion in the recently established Special Agro-Industrial Processing Zone in Minna, the state capital.
This milestone agreement, signed during the Forum on China-Africa Cooperation (FOCAC), is a breakthrough in Governor Umar Bago’s efforts to drive economic growth and create around 5,000 jobs for Nigerlites.
Chinese Firm Investment In Niger
The State Commissioner for Commerce and Investment, Aminu Suleiman Takuma, announced the development after the agreement was signed at the Government House, Minna.
Takuma said the state was on track to reposition itself as a major player in Nigeria’s agricultural sector, driven by the vision of Governor Mohammed Bago.
We have taken a significant step towards transforming the agricultural sector through a partnership with Chinese investors and have secured an investment worth $684 million (N1.094 trillion) in the Special Agro-Industrial Processing Zone (SAPZ) from China Overseas Engineering Group Company Limited (COVEC) and China Railway Engineering Corporation (CREC),” Takuma noted.
The project, he said will “focus on high-potential commodities” thereby promoting increased productivity, value addition, market access, and private sector investment.”
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The Investment To Revolutionize The Agricultural Landscape In Niger
The Secretary to the State Government, Alhaji Abubakar Usman, said the project is expected to revolutionize the agricultural landscape by stimulating socio-economic growth and development in the state.
Usman added that “with the support of COVEC and CREC, Niger State is not only poised to become a model for agricultural transformation in Nigeria but will attract significant investments from local and international partners.”
“The program will boost agricultural productivity and make the state a hub for agro-industrial processing and generate thousands of employment opportunities for locals”.
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